HDFC Bank has announced that S&P Global Ratings and Moody’s Investors Service have assigned credit ratings to its proposed Fixed Rate Senior Notes. S&P Global Ratings assigned a BBB rating, while Moody’s Investors Service assigned a Baa3 rating with a stable outlook. These ratings pertain to the proposed issuance of USD 1,750,000,000 Fixed Rate Senior Notes due 2029 and 2031.
Credit Rating Assignment for Senior Notes
HDFC Bank Limited has disclosed that two major credit rating agencies, S&P Global Ratings and Moody’s Investors Service, have assigned credit ratings for its upcoming issuance of proposed Fixed Rate Senior Notes. This announcement was made on August 20, 2026, in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
S&P Global Ratings Assignment
Acting through its Singaporean entity, S&P Global Ratings Singapore Pte. Limited, has assigned a rating of BBB to the proposed USD Senior Notes due 2029 and 2031. The rating action was recorded as ‘Assigned’.
Moody’s Investors Service Assignment
Moody’s Investors Service Singapore Pte. Limited has assigned a rating of Baa3 with a Stable outlook to the proposed Fixed Rate Senior Notes. The total size of this issue is stated as USD 1,750,000,000, and the rating action was also recorded as ‘Assigned’.
Rating Letters Annexed
The bank has indicated that the formal rating letters issued by both S&P Global Ratings and Moody’s Investors Service are annexed to this disclosure for informational purposes and for official record.
Source: BSE
